Pinnacle Announces the Sale of 4290-4296 N Academy

Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 4290-4296 N. Academy, Colorado Springs, CO 80918. The retail property sold for $2,690,000, $374.39 per square foot. Kevin Calame and Matt Lewallen, Senior Advisors, represented the buyers in the transaction.

“The buyers were excited to trade out of multifamily and into this asset where they would increase their cash flow while greatly diminishing their involvement.” Stated Matt Lewallen, Senior Advisor at Pinnacle Real Estate Advisors.